EXHIBIT 12.1
STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)
| Year Ended December 31, | Six Months Ended June 30, | ||||||||||||||||||||
| 1998 | 1999 | 2000 | 2001 | 2002 | 2002 | 2003 | |||||||||||||||
Net loss | (24,972 | ) | (36,280 | ) | (51,929 | ) | (80,273 | ) | (49,903 | ) | (50,048 | ) | (61,245 | ) | |||||||
Add: fixed charges | 608 | 711 | 729 | 6,467 | 12,335 | 6,176 | 4,408 | ||||||||||||||
Earnings as defined | (24,364 | ) | (35,569 | ) | (51,200 | ) | (73,806 | ) | (37,568 | ) | (43,872 | ) | (56,837 | ) | |||||||
Fixed charges: | |||||||||||||||||||||
Interest expensed and capitalized | 435 | 502 | 544 | 5,988 | 11,240 | 5,697 | 3,826 | ||||||||||||||
Estimated interest component of rent | 173 | 209 | 185 | 479 | 1,095 | 479 | 582 | ||||||||||||||
Total fixed charges | 608 | 711 | 729 | 6,467 | 12,335 | 6,176 | 4,408 | ||||||||||||||
Ratio of earnings to fixed charges | (1 | ) | (1 | ) | (1 | ) | (1 | ) | (1 | ) | (1 | ) | (1 | ) | |||||||
| (1) | Earnings (as defined) for the period were insufficient to cover fixed charges by an amount equal to the net loss for the period. |
